Intelligent Variable Annuity from TIAA-CREF Life Insurance Company

TIAA-CREF Life International Equity

The fund seeks a favorable long-term total return, mainly through capital appreciation, primarily from equity securities of foreign issuers.

Unit value as of 12/19/2014 : $27.89
Total return year-to-date as of 12/19/2014 : -7.43%
Expense charge 1 : 1.20%
Inception date : 04/03/2000
Investment class : International
Performance Comparison
  Performance Data
as of 12/19/2014
Average Annual Total Returns
as of 11/30/2014
  Unit
Values
Net
Change
YTD
Return
1 Year 3 Year 5 Year 10 Year Since Inception
TIAA-CREF Life International Equity $27.89 -0.32% -7.43% -1.76% 14.44% 7.23% 5.16% 1.87%
Morgan Stanley EAFE Index 2 -- + 0.84% -4.55% -0.02% 12.02% 6.38% 5.25% 2.87%

The performance data quoted represents past performance, and is no guarantee of future results. Your returns and the principal value of your investment will fluctuate so that your accumulation units, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted above. For investments with exceptional performance, please note that performance fluctuates and currently may be lower than noted here.

The risks that the fund is subject to include market risk, company risk, active management risk, foreign investment risk, emerging markets risk, and small-cap risk.

For a detailed discussion of risk, please consult the prospectus.

1.
Includes both separate account and fund level charges. A portion of the separate account charges has been waived. The maximum total annual expense charge without the waiver is 1.54%. Separate account charges reflect the highest possible mortality and expense risk charge although they may be lower. The unit value reflects the election of the Guaranteed Minimum Death Benefit. See the prospectus for additional information.
2.
The Morgan Stanley Capital International EAFEĀ® (Europe, Australasia, Far East) Index measures the performance of the leading stocks in 21 developed countries outside North America. You cannot invest directly in this index. EAFE is a trademark of Morgan Stanley Capital International, Inc.

TIAA-CREF Individual & Institutional Services, LLC, and Teachers Personal Investors Services, Inc., and Nuveen Securities, LLC, members FINRA and SIPC, distribute securities products. Intelligent Variable Annuity is issued by TIAA-CREF Life Insurance Company, 730 Third Avenue, New York, NY 10017.

Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.

© 2014 and prior years, Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF), New York, NY 10017